Blog

Taxes Tag Page 1


Articles associated with this tag:

Tax hikes on wealthy individuals and corporations to pay for Biden agenda approved by the House Panel
Tax hikes on wealthy individuals and corporations to pay for Biden agenda approved by the House Panel The biggest set of U.S. tax increases in a generation took a major step forward on September, 15th 2021 with approval by the House Ways and Means Committee of $2.1 trillion in new levies mostly focused on corporations and the wealthy. Read More

The American Rescue Plan Act of 2021 Changes to Gig Freelancer Economy Tax Reporting- PayPal 1099-K Threshold Loophole closed
The American Rescue Plan Act of 2021 Changes to Gig Freelancer Economy Tax Reporting- PayPal 1099-K Threshold Loophole closed New tax reporting provisions for 1099 self employed, gig economy workers. The rise of the so-called “sharing economy” has been an ongoing phenomenon that began several years prior to the pandemic. The Baker Institute article points out that statistic... Read More

New IRS Notice 2021-25: Some Business Meal Expenses are 100% Tax Deductible for 2021 and 2022
New IRS Notice 2021-25: Some Business Meal Expenses are 100% Tax Deductible for 2021 and 2022 A 2020 COVID-19 relief bill made taxpayer-friendly changes. The “Taxpayer Certainty and Disaster Tax Relief Act of 2020” (the Act), enacted as part of the “Consolidated Appropriations Act, 2021” (CAA 2021), which increased the business-meal deducti... Read More

The IRS Home Office deduction-do you qualify, pros and cons of taking it?
The IRS Home Office deduction-do you qualify, pros and cons of taking it? Since the beginning of the Covid-19 pandemic and the beginning of the work from home trend, some workers are now wondering if they are eligible to take advantage of an IRS tax break for home offices. In this article I will discuss the pros and cons o... Read More

Popular tags on this blog

2020 Taxes | 2021 Taxes | Business Payroll | Economic Aid Act | home office deduction | IRA | Paycheck Protection Program | PPP Loans | retirement | Wealth Management | work from home |